Over Half of Miami Homes Over $1M Sell in All-Cash Deals

According to The New York Post, Miami’s luxury real estate market is proving one thing: cash is king. Over half of homes priced above $1 million are selling without financing — 53.5% for homes between $1M–$5M, and nearly 59% for those over $10M. In a high-rate environment, affluent buyers are turning to cash for speed, simplicity, and a competitive edge.

This trend isn’t unique to Miami, but here it’s especially pronounced. In early 2025, 83% of condos priced above $2,000 per square foot and 79% of comparable single-family homes were sold in all-cash deals — up 1,200% from pre-2020 levels. Buyers value privacy, quick closings, and fewer complications. Even headline-making sales — like a $34M mansion sold in one day or Richard Saghian’s $30M off-market purchases — were done in cash, with minimal visibility.

Despite longer listing times (96.5 days on average for $1M+ homes), sellers are holding firm. Why? Because the right buyer, often paying cash, is still out there — and willing to act when the perfect property appears.

As a real estate agent, I see this as a strong signal of market resilience. Miami continues to attract global buyers seeking lifestyle, investment security, and flexibility. Whether you’re buying or selling, this moment offers real opportunity — and I’d be happy to guide you through it.

Source: nypost.com